News about Kota Kinabalu

Titijaya said the fire incident was confined to part of the car park area on level five of The Shore Kota Kinabalu.

Kim Teck Cheong Consolidated said the development of the land into a distribution and warehouse hub will improve operational efficiency, supply chain control, and reduce reliance on third-party logistics KUALA LUMPUR (June 11): East Malaysia-based consumer goods distributor Kim Teck Cheong Consolidated Bhd (KL:KTC) said it is acquiring 15.

Titijaya said the location of the two assets—offering strong connectivity to both UMS and the upcoming Hospital UMS—makes the area a highly desirable locality in Kota Kinabalu.

The project will be fully funded by Malaysia Airports Holdings Bhd (KL:AIRPORT), or MAHB, through an investment-recovery model, without the need for government guarantees, Transport Minister Anthony Loke noted.

​ The property will serve as the group's headquarters, warehouse and storage facility for vehicles and machinery after project completion.

The Jesselton Docklands 2 project is part of the broader Jesselton Waterfront City plan, which includes tourism and commercial features connected to key landmarks such as Jesselton Quay and the Sabah International Convention Centre.

As of Jan 31 this year, Binastra had 15 ongoing construction projects, with an outstanding order book of RM1.

Suria Capital said the Jesselton Docklands 1 project is anticipated to be completed within six years from the unconditional date of the agreement.

In a filing to Bursa Malaysia on Tuesday, Suria Capital announced its collaboration with BEDI Development, a 75%-owned unit of EXSIM Development Sdn Bhd, to develop two parcels of land measuring approximately 14.

“The land will be used as the container depo, and will be for internal use and rental to external party.